In order to pay his university fees, Feynman borrowed $ 7000 for five months at 5.5 %   Calculate the amount of simple interest that Feynman ought to pay. Approximate your answer to the nearest 100th.  Then, compute the amount of interest that Ms. Curie will be charged on $ 9000 that she borrowed for four months at 9 %. Round to the nearest one.

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A: The computation of total interest is done as shown:

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A:

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Q: mount saved on interest

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